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Salt Lake City Market Report

$881,668

AVERAGE PRICE OF 1,062 HOMES

$249,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,097,974

AVERAGE PRICE OF 238 MULTI-MILLION DOLLAR HOMES

$989,270

AVERAGE PRICE OF 62 NEWLY BUILT HOMES

$986,589

AVERAGE PRICE OF 144 HOMES WITH A POOL

$731,833

AVERAGE PRICE OF 66 REDUCED PRICE HOMES

Average Home

Average Price $881,668
Avg Bedrooms 3.13 beds
Avg Bathrooms 2.34 baths

Average Price by Bedrooms

1 bedroom $370,886
2 bedrooms $469,538
3 bedrooms $631,089
4 bedrooms $996,870
5 bedrooms $1,146,371
Salt Lake City Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 1,049 1,003 923 856 845
Average Price $912,259 $927,619 $924,656 $896,612 $874,298
Avg Price Change -1.68% +0.32% +3.13% +2.55% +0.10%
Median Price $620,327 $634,177 $598,187 $578,356 $566,214
Med Price Change -2.23% +6.02% +3.43% +2.14% -1.51%
Avg Bedrooms 3.18 beds 3.26 beds 3.18 beds 3.21 beds 3.2 beds
Avg Bathrooms 2.41 baths 2.46 baths 2.42 baths 2.42 baths 2.43 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
East 244 $855,228 68 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,062 $881,668 76 days
Distressed Homes 1 $249,900 67 days
Multi-Million Dollar Homes 238 $2,097,974 114 days
Newly Built Homes 62 $989,270 123 days
Homes with a Pool 144 $986,589 73 days
Reduced Price Homes 66 $731,833 55 days
R Squared Real Estate
Ryan Larsen
3195 S Main St Suite 265
Salt Lake City, UT 84115
801-560-7534
Richard Barrow
Nexa Mortgage
801-450-5106
rbarrow@nexamortgage.com
NMLS # 230124
Ryan Larsen

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of July 22, 2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Conspicuous display of the following: Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
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